Playing Regionals for a Recovery

$KRE

It’s been a few weeks since a bank blow-up (I don’t say this lightly), and the KRE 0.00%↑ has seen some uplift off of its May 4th low. I like 5/20 setups like this in names that have been pummelled, because you can put a tight stop in off the cross point and you have a relatively low risk setup, with opportunities to play it for a quick trade or longer term hold. I’m watching for a break above $42, and targeting $47 initially from there.